| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $34M | $48M | 0.3% | -28.8% |
| Op. Income | -$9M | -$2M | -$503.5K | -351.0% | -1689.8% |
| Gross Margin | 24.1% | 40.9% | 26.6% | -16.8pp | -2.5pp |
| Net Margin | -22.3% | -3.8% | -1.7% | -18.5pp | -20.6pp |
| EPS (Diluted) | $-0.07 | $-0.02 | $-0.01 | -250.0% | -600.0% |
| Free Cash Flow | $4M | $12M | $9M | -67.0% | -58.8% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $8M |
| R&D Expenses | $0 |
| Selling & Marketing | $290.0K |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $3M |
| Operating Expenses | $17M |
| Cost & Expenses | $43M |
| OPERATING INCOME | -$9M |
| Interest Expense | $212.3K |
| Other Income/Expenses | -$533.7K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $5M |
| EBIT | -$9M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $262.1K |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$398.8K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $53M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $130M |
| PP&E (Net) | $57M |
| Goodwill | $91M |
| Intangible Assets | $122M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $273M |
| TOTAL ASSETS | $403M |
| Account Payables | $20M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $11M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $448.6K |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $40M |
| Common Stock | $118.5K |
| Additional Paid-In Capital | $394M |
| Retained Earnings | -$29M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $363M |
| Minority Interest | $0 |
| TOTAL EQUITY | $363M |
| TOTAL LIABILITIES & EQUITY | $403M |
| Total Debt | $13M |
| Net Debt | -$36M |
